Financial Analysts Journal

Our Role in Corporate Malfeasance

  1. Dean LeBaron

Two classes of culprits contributed to the recent corporate scandals but have not been touched by the scandals or even mentioned in connection with misdoings. One group is us, the financial analysts; the other is the independent directors who are elected and paid by shareholders to represent the shareholders' interests. When we reform the performance we expect from these two groups—analysts and independent directors—we can say we are fixing the system.

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